Growth
ST Engineering Reorganises For Global Growth And Success
ST Engineering announced organisational changes that will position the Group for its next phase of growth, and propel it towards its aspiration to become a global technology, defence and engineering powerhouse. Effective 1 January 2021, ST Engineering will be reorganised as Commercial and Defence & Public Security clusters, replacing the sector-structure of Aerospace, Electronics, Land …
The Biggest Economies In The World
These are the countries with the highest global GDP according to the International Monetary Fund. China is the biggest economy in the world in terms of the gross domestic product (GDP) based on the data from the International Monetary Fund (IMF). With a 2019 GDP amounting to USD 22.53 trillion, China is significantly ahead of …
Coronavirus Wreaks Havoc On Economic Growth Prospects
The world is about to experience the deepest recession in decades, World Bank forecasts reveal. The shocks due to COVID-19 pandemic are expected to plunge the global economy into the worst recession since the second world war, the World Bank reveals in its Global Economic Prospects report published last week. Deep recession The World Bank’s …
Chinese Economy Dips For The First Time In Decades
For the first time in decades, China’s quarterly gross domestic product (GDP) experienced a decline. China’s quarterly gross domestic product (GDP) for Q1 2020 shrank by 6.8% compared to the record in the same period last year, Reuters reported Friday, April 17. This is the first time that the economic powerhouse — the second largest …
East Asia And Pacific Region Expected To Suffer GDP Losses Due To COVID-19 Shocks
Forecasts reveal that COVID-19 will lead to economic losses in East Asia and the Pacific. The region of East Asia and the Pacific (EAP) are expected to suffer heavy losses in their gross domestic product (GDP) for the year 2020, according to the April 2020 regional report released by the World Bank Group. The COVID-19 …
Singapore’s GDP Contracted by 2.2 Per Cent in the First Quarter of 2020 As COVID-19 Continues
Based on advance estimates, the Singapore economy contracted by 2.2 per cent on a year-on-year basis in the first quarter of 2020, reversing the 1.0 per cent growth in the preceding quarter. On a quarter-on-quarter seasonally-adjusted annualised basis, the economy shrank by 10.6 per cent, a sharp pullback from the 0.6 per cent growth in …
Which Countries Achieved Economic Growth? And Why Does It Matter?
The average person at present is about four times richer than the average person back in 1950, according to Max Roser in his article Which countries achieved economic growth? And why does it matter? in Our World In Data. Apart from the global average, Roser also analyzed the changes in income of the world in …
CapitaLand Recognised As One Of The World’s Most Sustainable Corporations For Third Consecutive Year
CapitaLand has been recognised as one of the world’s most sustainable corporations for the third consecutive year. CapitaLand was ranked #63 in the 2020 Global 100 ‘Most Sustainable Corporations In The World’ index by Corporate Knights Inc. This is CapitaLand’s eighth inclusion in the prestigious index. In Corporate Knights Inc’s analysis of company age and …
Singapore’s Economic Outlook In 2020
Singapore is expected to register around 1.4% growth in gross domestic product (GDP) in 2020, according to the report of DBS Bank. DBS said that this expected growth rate for 2020 is below the potential growth rate of Singapore. However, this projected growth rate is still an improvement from 2019’s projected growth of 0.6%. Let’s …
In 2020 Asia Will Have The World’s Largest GDP. Here’s What That Means
In 2020 Asia’s GDP will overtake the GDP of the rest of the world combined. By 2030, the region is expected to contribute roughly 60% of global growth. Asia-Pacific will also be responsible for the overwhelming majority (90%) of the 2.4 billion new members of the middle class entering the global economy. The bulk of that growth will …